As a result of severe flooding,a farmer loses one-half of his productive farmland.What should he expect will happen to the marginal productivity of his remaining land
A) It will decrease since the land quality falls.
B) It will decrease since the demand for his remaining land decreases.
C) It will increase since there will be more workers to work on the remaining land.
D) It will increase since the demand for his remaining land increases.
Correct Answer:
Verified
Q124: How are owners of capital resources compensated
A)according
Q125: How is the rental price of capital
Q126: The Black Death was one of the
Q127: If Firm X is a competitive firm
Q128: What does the marginal product of any
Q130: What is the equilibrium rental income paid
Q131: The demand for computer programmers is inextricably
Q132: What factors of productions does the distinction
Q133: What term refers to the accumulation of
Q134: What is the equilibrium rental income paid
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents